prescott: REO Sign Calls
- 01/17/10 01:36 AM
I work as a buyer's agent for an active REO agent in the Central Arizona region. My business partner Stephanie Woods often has over 40 listings at any time. So when I get sign calls the first challenge is to figure out what property the potential buyer is looking at. Here is an example of one such call:
Example, Caller: "Yeah I'm calling about your house. It’s a yellow house with a tree in front." Buyers Agent (BA): What city is it in?" Caller: It's got a birds nest above the front door." BA: "Is that in … (6 comments)
prescott: Commercial Properties and Conditional Use Permits
- 01/13/10 03:06 PM
I like to write about things I am learning in the hopes that I can share some knowledge with others and also to help refine my thoughts on the process. For the last year or so I have been working on helping Mountain Oak School in Prescott Arizona, where my 6 and 11 year old children go purchase their own property. For over 10 years the school has been leasing a Prescott property that has seen better days. Anyway we have identified a promising property that is almost four times larger than the current property and we are going through the … (1 comments)
prescott: How to Win in REO Offers
- 01/09/10 11:01 AM
Last week I was asked to help a buyer purchase a bank owned home in Talking Rock Ranch. This is a high end gated golf community about 20 miles north of Prescott. Because many of these golf course properties were purchased at the height of the market in 2005 an 2006 as second homes, they were particularly hard hit by the declining market. Now we have about 80% of the listings made up of REO homes. One home in particular had been priced far below the rest and made it amazingly afordable, (priced about 35% of its original sale price in … (5 comments)
prescott: Facebook Fanpage, Blog and Website Connections
- 12/28/09 06:28 AM
So I have been reading about Facebook Fanpages here on Active Rain. I have to say it feels a little strange creating a fanpage for yourself even if it is for my business. The idea is that the typical people who find themselves on my Facebook page are friends, family memebers and others who very likely don't give a fig about my latest listings. So I created a separate Facebook page called, Dave Conners, My Prescott Realtor for people who do want good information about the Prescott Foreclosure market. This blog gets automatically exported to my Facebook page along with listings, … (6 comments)
prescott: Short Sale Pricing
- 12/24/09 06:16 AM
There are many ways listing agents choose pricing on their short sale listings. All too often the method involves pullling a price out of nowhere. Rather than doing careful research or a broker price opinion. Certainly listing a home at below market value will get buyers looking at it, but the gap between the list price and market value still needs to be bridged for the lender to agree to the sale. One of the biggest challenges when working with buyers on a short sale is trying to convince them that the list price is not related to the market value. … (3 comments)
prescott: The Learned vs. the Learners - What did you learn today?
- 12/17/09 03:13 PM
As the use of the Internet in the U.S. grows past 80% the speed of change accelerates. In real estate the amount of new information available to us is amazing. Because of the incredible amount of new information available to us in our small town Prescott Arizona market we are seeing a widening knowledge gap between the Realtors who "already know it all" and what I like to call the "Learners". The speed of new information is so great that an agent who goes even one year without making significant educational progress will miss a huge amount of technological progress in … (1 comments)
A blind man wanders into an all girls biker bar by mistake. > > > >He finds his way to a bar stool and orders some coffee. > > > >After sitting there for a while, he yells to the bartender, > > > >"Hey, you wanna hear a blonde joke?" > > > >The bar immediately falls absolutely silent*… * > > > > > >In a very deep, husky voice, the woman next to him says, > >"Before you tell … (1 comments)
prescott: Yavapai Hills Estate with Forever Views
- 12/10/09 03:15 PM
This beautiful Prescott AZ home has plenty of space and amazing views of Mingus Mountain to the east. Close to shopping in a quiet well maintained subdivision. Reduced for quick sale. … (0 comments)
prescott: Buying Prescott AZ Bank Owned Homes, What's the conditon?
- 12/05/09 03:29 PM
Home buyers have many different ideas about buying bank owned homes. The two I hear most often relate to what its like dealing with banks and what to expect with regard to the condition of the homes. I wanted to write about the second question. Here in the Prescott Arizona REO market we see a wide variety of bank owned property conditions from pristine to "ready for demolition". But most bank owned properties are in average to very good condition. Homes that have been damaged by the former owners usually receive necessary repairs by the bank before they are marketed. An … (0 comments)
prescott: Prescott REO properties and Bidding Wars
- 12/03/09 03:06 PM
More and more I am seeing Prescott bank owned homes being listed at prices that drive many competing offers to them. Often, multiple offers push the contract price up to the same level as retail sales. Today I am working with a buyer on one of these REO properties. By the time we finished with our "Highest and Best" offer for the bank, the price was above some of the retail listings in the same subdivision. I spoke with my client about the situation and suggested we spend a little more time comparing the home to other comparable listings. In the end I … (1 comments)
I work as a buyer's agent for an active REO agent in the Central Arizona region. My business partner Stephanie Woods often has over 40 listings at any time. So when I get sign calls the first challenge is to figure out what property the potential buyer is looking at. Here is an example of one such call:
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